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Feb 28, 2014
02/14
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this is not healthy for the economy. if you do any any retro analysis, look at 1984 to 2003 functionally in retrospect it created stability and economic growth. i think as our economy undertakes the oversite project of the fed, the data i've seernseen, we have a rule based policy. you have stable economic growth and more positive economic growth. this is something is the fed needs to do. ? this is out of the dr. john taylor. >> absolutely. >> a great friend of ours and of the show. this is out of his playbook. they basically used the taylor rule as you noted for 20 years. it worked out pretty darn good. it's hard for me. look, i know she's a very, very smart professional columnist. we're five years after the financial meltdown. so at what point does unconventional get thrown out the window. taylor's rule would have put the funds rate at target one and a quarter percent now. >> i thought it was one and a half. >> i could be wrong. >> i don't know. it's disappointing larry. you know, you fear that undiscretionary power amo
this is not healthy for the economy. if you do any any retro analysis, look at 1984 to 2003 functionally in retrospect it created stability and economic growth. i think as our economy undertakes the oversite project of the fed, the data i've seernseen, we have a rule based policy. you have stable economic growth and more positive economic growth. this is something is the fed needs to do. ? this is out of the dr. john taylor. >> absolutely. >> a great friend of ours and of the show....
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Mar 6, 2014
03/14
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the russian economy is vulnerable. ironically out of all of this, the extreme as a rule neblt and free fall of the ukrainian economy may eventually destabilize, because the strong support has definitely increased over the last few days. >> i couldn't agree more. this is a big thing. russia needs the foreign exchange. their economy is in terrible shape. you're exactly right. mr. mcfall, let me pursue this more. at this point, you tell me technically, i don't know, at some point all putin has to do is to tell his mill their people in crimea to stand down and go back to the bases and the barracks. that's all he has to do. will he do it? he's got the whole world against him. he is increasingly isolated, mr. mcfall. he has no place to go. his bravado is shot. nobody believes his phony argument that his guy in kiev was a good guy. all he has to do is say go back to the barracks. it will happen soon, is it not? >> it's not going to happen unless he gets something in return. you've been dealing with prime minister putin and pr
the russian economy is vulnerable. ironically out of all of this, the extreme as a rule neblt and free fall of the ukrainian economy may eventually destabilize, because the strong support has definitely increased over the last few days. >> i couldn't agree more. this is a big thing. russia needs the foreign exchange. their economy is in terrible shape. you're exactly right. mr. mcfall, let me pursue this more. at this point, you tell me technically, i don't know, at some point all putin...
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Mar 1, 2014
03/14
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but ukraine is such a tiny economy, such a tiny economy that it cannot have any lasting effect on our stock market. it just can't. >> larry, it's not the fact that you crane in itself is the problem. it's more a question of what's happening with russia, what's happening between the friction that's caused between east and west. we went through 50 years of a cold war. we don't want to see that happen again. if puttin turns into breshnev. >> this is a capitalist country. they have those communist roots. the bottom line is this when you start to see troops build up and hear rumors across the trading floor that soviet troops, russian troops are crossing the border, immediately the reaction is to go and buy protection poir portfolios. >> michael this was the best month for the s&p 500 since october. best month in the s&p since october. and that 6% drop in late january is now gone and year-to-date the s&p 500 is up. now i think that's a pretty optimistic given the weather and all the related issues with the economic numbers that's pretty bullish. >> i mean i still see the picture as somewhat
but ukraine is such a tiny economy, such a tiny economy that it cannot have any lasting effect on our stock market. it just can't. >> larry, it's not the fact that you crane in itself is the problem. it's more a question of what's happening with russia, what's happening between the friction that's caused between east and west. we went through 50 years of a cold war. we don't want to see that happen again. if puttin turns into breshnev. >> this is a capitalist country. they have...
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Feb 27, 2014
02/14
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i am not going to settle for a minimum wage economy. we need to be debating the big issue and how we grow this economy and become a pro-growth party and party of opportunity. so, look, i'm just going to move forward. we'll let the american people decide, and one that creates growth in jobs. i think this is a debate we need to have, and i look forward to it. >> amen. i'm with you on that. it's a great beginning. ways and means chairman dave camp of michigan. thank you, sir. we appreciate your time. >> thanks much, larry. >> jared and steve were listening carefully, i hope. we're going to get their quick analysis of the plan. next up, they'll have some major kibitzing on this. that's what life is about, tweaking, i'm kudlow. please stay with us. (vo) you are a business pro. seeker of the sublime. you can separate runway ridiculousness... from fashion that flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer sati
i am not going to settle for a minimum wage economy. we need to be debating the big issue and how we grow this economy and become a pro-growth party and party of opportunity. so, look, i'm just going to move forward. we'll let the american people decide, and one that creates growth in jobs. i think this is a debate we need to have, and i look forward to it. >> amen. i'm with you on that. it's a great beginning. ways and means chairman dave camp of michigan. thank you, sir. we appreciate...
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Mar 5, 2014
03/14
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i know this is a tiny economy and russia is a third world economy for its energy sector but the point is -- bob, let me go to you. the point is europe could get involved, natural gas shutdowns could get involved and these kinds of tensions have a way of rippling through. i like this reuters announcement, i'm going to assume it's true. i like the sound of it. the stock market may not like the sound of it because it's the united states being tough and kind of in your face to putin. let's face it, bob, putin's thugs have taken over the sovereign state of crimea, ended the legislature, ended the prime minister and therefore we've got to do something about that. >> correct. forget these statistics. the ukraine is one quarter of one percent of whatever. 1997, larry, i was down on the floor of the new york stock exchange when the tide bot collapsed and nobody was saying that tie land was an important part of the economy but the ripple effects around the world were felt in other economies. it's the butterfly wings in africa that causes storms in the united states. >> it was the anchovies off
i know this is a tiny economy and russia is a third world economy for its energy sector but the point is -- bob, let me go to you. the point is europe could get involved, natural gas shutdowns could get involved and these kinds of tensions have a way of rippling through. i like this reuters announcement, i'm going to assume it's true. i like the sound of it. the stock market may not like the sound of it because it's the united states being tough and kind of in your face to putin. let's face it,...
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Mar 4, 2014
03/14
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the economy is growing at 2.5%. labor profits are so low, i don't think this long cyclical rally is over. >> i don't think it's over. we're certainly do for something of a correction and we're getting one. but two things, there's always somebody out there protecting the end of the world particularly on wall street. and he's historically been wrong. if he's right, it isn't going to matter. it's always been good to ignore that guy. second, i read a report that showed that markets dipped prior to these military engagements pretty consistently. think about to desert storm, think back to several other examples. markets will dip in anticipation and once things actually get started, markets rally. i like your advice, that we should be patient here. but typically the time to buy if you're looking to buy on the dip is advanced. >> maybe that's going to be tonight. maybe not. zach karabell, mr. buffett also took a whack at bitcoin. i just wrote a column saying it's not real money. let me get your take on the stock market. if
the economy is growing at 2.5%. labor profits are so low, i don't think this long cyclical rally is over. >> i don't think it's over. we're certainly do for something of a correction and we're getting one. but two things, there's always somebody out there protecting the end of the world particularly on wall street. and he's historically been wrong. if he's right, it isn't going to matter. it's always been good to ignore that guy. second, i read a report that showed that markets dipped...
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Feb 26, 2014
02/14
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we're growing jobs, growing our economy. we're providing once again sources of energy from whatever source it might be, depending upon which state you're in. we're proving these things do work. but we also told him the time it takes to get permits, we would like to have offshore drilling. we would like to have more cooperation from the epa and different federal regulatory entities that take so long to get through. those things are holding jobs back. of course, he has a different philosophy, that the more government spends, the more it will help the economy, which we believe differently. we believe you let people keep more of their hard earned money they're going to spend it back in the economy and create jobs and businesses. >> congress at budget office, nonpartisan, has come out with a study in the last week or so that says basically obamacare is going to cost up to 2.5 million jobs, lost jobs from obamacare, and about 1 million lost jobs in the minimum wage. question, if you know -- if you knew as governor, if your budget
we're growing jobs, growing our economy. we're providing once again sources of energy from whatever source it might be, depending upon which state you're in. we're proving these things do work. but we also told him the time it takes to get permits, we would like to have offshore drilling. we would like to have more cooperation from the epa and different federal regulatory entities that take so long to get through. those things are holding jobs back. of course, he has a different philosophy,...